NCIZ signed a memorandum for cooperation with the Indian business organization FICCI

National Company for Industrial Zones signed a memorandum for cooperation with the Federation of the Indian Chambers of Commerce and Industry (FICCI). The Bulgarian Vice-minister of Economy – Aleksandar Manolev, the executive director of NCIZ – Antoaneta Bares as well as the Indian Representative of the Board of Directors of FICCI- Rakesh Bakshi attended the ceremony on which the contract was signed.

Both countries agreed to cooperate during the official visit of the Vice- minister Manolev and the Bulgarian delegation in India, where the host of the visit was one of the leading business organizations in India.

According to the memorandum, the Federation of the Indian Chambers of Commerce and Industry will coordinate some of their associates to Bulgaria if they have interest in making investments in the industrial zones there.

During the meeting, the Indian companies said that they are interested in making further investments in the field of car industry, information and telecommunication technology, food industry, agriculture and textile industry. The benefits of all of the locations that NCIZ is operating in, were clarified.

The Vice-minister hold meeting with some potential investors that have shown interest in Bulgarian business. He invited the Indian representatives to visit Bulgaria and especially the industrial zones that may be suitable for their business.

The Vice- minister of Economy presented two of the projects, which The Ministry of Economy is currently working on –  that are the industrial zones in Kardzhali and Sandanski.

Manolev pointed out that the with their investment in our country, the Indian companies will gain access to the united European market, but the strategic location in Bulgaria is the factor that will attract more investors from the Near and the Far East.

“Our country has the key elements necessary for the success of every business plan and investment project: stability in the financial and macroeconomics sector, ingenious tax scheme, qualified professionals, as well as the lowest operating expanses ratio in Europe. But what really matters is the fact that a lot of the Indian companies are continuing their business activities in our country’, emphasized Aleksandar Manolev and mentioned some of the investments that have been already made by the Indian companies in the last year among which are Sutherland Global Services, Feuji Inc and ‘’Svilengrad’’.

Founded in 1927, FICCI is one of the biggest and oldest business organizations in India. It offers services to different Indian multinational companies which reach the total number of 250 000 companies and to those working in the private and the public cooperative sector.